Sego Resources Intersects 94.20 m of 0.86 g/t Au to Expand the East and West of the Southern Gold Zone at Miner Mountain Project & Positive Bench Scale Metallurgical Test Recovers 95.8% of Gold by Gravity/Leaching
Sego Resources Intersects 94.20 m of 0.86 g/t
Au to Expand the East and West of the
Southern Gold Zone at Miner Mountain Project
& Positive Bench Scale Metallurgical Test
Recovers 95.8% of Gold by Gravity/Leaching
Vancouver, British Columbia--(Newsfile Corp. - August 11, 2021) - Sego Resources Inc. (TSXV: SGZ)
("Sego" or "the Company") is delighted to announce results from four additional diamond drill holes in
the Southern Gold Zone of the Miner Mountain Porphyry Copper-Gold project near Princeton, BC. The
Southern Gold Zone is an intrusion disseminated hosted gold zone discovered during the Company's
2020 field program (See NR July 7, 2020) and first drilled during April 2021 (See News Release May
27, 2021).
Table 1.
Significant gold results in diamond drill holes collared in the Southern Gold Zone
Drill Hole
From (m)
To (m)
Interval (m)
Au (g/t)
DDH 48
139.5
152.23
12.73
0.18
and
172.00
174.00
2
0.82
DDH 49
19.00
84.12
65.12
0.60
Including
28.76
54.45
25.69
0.95
DDH 50
11.28
105.48
94.20
0.86
Including
38.3
56.90
18.6
1.73
Including
72.35
97.20
24.85
1.05
DDH49 and DDH50 were collared 52 m and 46 m to the east and west, respectively, from the DDH46
and 47 section on the same fence as DDH47. Holes were oriented -50 at 160 azimuth similar to DDH46
and DDH47 (see Figure). Both holes intersected significant gold mineralization to the bottom of the
holes and both warrant deepening below 84.12 m in DDH49 and 104.48 m in DDH50.
DDH48 was
collared 72 m to the northwest located on section DDH48-47 and intersected 0.18 g/t Au between 141
to152 m and 0.85 g/t gold (g/t Au) between 172 to 174 m. The results indicate a close proximity to
deeper portions to the Southern Gold mineralization.
DDH51 was collared 28 m north-northwest of
DDH48, and was stopped at 108.5 m due to the fire ban and did not intersect any elevated gold results.
For a detailed description of the geology and alteration of the Southern Gold Zone please refer to the
Sego Resources Inc. May 27
th
News Release.
Recent tests of drill core from DDH46 and DDH47 indicate fine-grained moderate to strong amounts of
K-feldspar in many of the mineralized sections are associated with <1 to 2% disseminated pyrite.
Elsewhere chlorite-sericite assemblages contain similar pyrite contents and gold mineralization and both
assemblages alter mainly intrusions.
This relatively new type of bulk mineable target has few other
indicators to guide explorers and is a challenge to shut down drill holes.
Future exploration will include drill testing to the east and west trend of the Southern Gold Zone and the
region deep below the current mineralized zone trend.
The magnetic high anomaly below overburden
that extends south of the Southern Gold Zone would be evaluated as the programs progress.
BENCH SCALE METALLURGICAL TESTING RECOVERS 95.8% OF THE GOLD FROM THE
SOUTHERN GOLD ZONE
An initial bench scale 32.9 kg representative sample from DDH46 and DDH47 core (April drill program)
was submitted to Met-Solve Laboratories Inc. to investigate recovery gravity and leaching CN tests. The
work concluded 9.8% of the gold reports to gravity concentration and
59.3% recovered in 1 hour and
72.6 % after 3 hours using a cyanide leaching process.
An impressive 95.8% of the gold recovered test
the composite sample with little further testing.
The entire "Sego Resources Inc.
Metallurgical Testwork
Report" can be found at
www.segoresources.com
CEO J. Paul Stevenson comments,
"The July program drill results continued to extend the
strike length of the Southern Gold Zone to add the potential of bulk tonnage gold mineralization.
The Southern Gold Zone is most likely a distal expression of blind porphyry copper-gold
mineralization within a larger porphyry copper-gold system at the Miner Mountain Project. Our
next drill program will include deeper drilling of the holes that were terminated in mineralization,
and expand the mineralized zone to the east and west.
The remarkable bench scale
metallurgical testwork indicates the potential for a very low cost bulk mineable gold producer."
maps are available in news release at
www.segoresources.com
Figure 1- Plan View of Drilling To Date
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/1056/92823_0dee0677c42ed86e_002full.jpg
Quality Assurance / Quality Control
Drill core was shipped to MSALABS in Langley, BC for sample preparation and analysis.
MSALABS is
ISO/IEC 17025 and ISO 9001 certified.
Samples were analyzed using an aqua regia digestion with an
ICP finish.
Control samples comprising certified reference samples and blank samples were systematically
inserted into the sample stream and analyzed as part of the Company's quality assurance / quality
control protocol.
This news release was reviewed and approved by Ron Britten, Ph.D., P.Eng., a Qualified Person under
NI 43-101.
About the Project:
Sego is 100% owner of the Miner Mountain project, an alkalic copper-gold porphyry exploration project
near Princeton, British Columbia. The Miner Mountain Project combines alkalic porphyry copper-gold
mineralization in the Cuba and other zones and the unusual gold mineralization in the Southern Gold
Zone which may be distal to an alkalic copper-gold porphyry. The property is 2,056 hectares in size and
is located 15 kilometres north of the Copper Mountain Mine operated by Copper Mountain Mining
Corporation and Mitsubishi Copper.
Sego has a Memorandum of Understanding with the Upper
Similkameen Indian Band on whose Traditional Territory the Miner Mountain project is situated. Sego
has received an Award of Excellence for its reclamation work at Miner Mountain.
For further information please contact:
J. Paul Stevenson
, CEO (604) 682-2933
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No regulatory authority has approved or disapproved the information
contained in this news release.
This release includes certain statements that may be deemed "forward-looking statements". All
statements in this release, other than statement of historical facts that address future
production, reserve potential, exploration drilling, exploitation activities and events or
developments that the Company expects re forward-looking statements. Although the
Company believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, statements are not guarantees of future performance and actual
results or developments may differ materially from the forward-looking statements. Factors that
could cause actual results to differ materially from those in forward-looking statements include
market prices, exploitation and exploration successes, continued availability of capital and
financing, general economic, market or business conditions. Investors are cautioned that any
such statements are not guarantees of future performance and those actual results or
developments may differ materially from those projected in the forward-looking statements.
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